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(INDBANK) Indbank Merchant complete technical analysis [charts+indicators] | Buy/Sell Indbank Merchant | (INDBANK) share price targets

Complete technical analysis of Indbank Merchant (INDBANK) by charts plus indicators, forecast predictions and share price targets for Indbank Merchant (INDBANK)

Indbank Merchant trades in NSE in Other Financial Services sector.

Showing technical analysis as on 2024-03-22 View latest technical analysis

10 day averaged volume of Indbank Merchant is 300792

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	43.40	43.00	44.20	42.55	0.339 times
21 Thu Mar 2024	42.80	41.10	43.50	41.10	0.592 times
20 Wed Mar 2024	40.20	41.60	42.60	39.95	0.497 times
19 Tue Mar 2024	41.35	41.60	43.20	41.10	0.372 times
18 Mon Mar 2024	42.55	43.45	44.50	42.30	0.367 times
15 Fri Mar 2024	43.95	45.45	45.75	42.00	0.778 times
14 Thu Mar 2024	44.80	39.50	45.60	39.50	1.956 times
13 Wed Mar 2024	40.05	44.30	44.95	39.25	1.436 times
12 Tue Mar 2024	44.15	46.75	46.90	43.85	1.137 times
11 Mon Mar 2024	46.35	49.30	49.75	46.10	1.298 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 42.2 as stoploss in an intra day buy trade for a target of 46.21. However, stock will show a bearish move below 42.2.

Share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Target	29.15
Downside Target	36.65
Downside Target	39.25
Downside Target	42.05
Upside Target	44.50
Upside Target	46.15
Upside Target	48.00
Upside Target	49.75
Upside Target	51.80
Upside Target	53.10
Upside Target	54.65
Upside Target	56.40
Upside Target	60.65

Intraday share price targets for Indbank Merchant (INDBANK)

Target Type	Value
Downside Intraday Target	40.73
Downside Intraday Target	38.07
Upside Intraday Target	45.28
Upside Intraday Target	47.17
Downside Intraday Target	42.62

Weekly technical analysis of Indbank Merchant (INDBANK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	43.40	43.45	44.50	39.95	0.328 times
15 Fri Mar 2024	43.95	49.30	49.75	39.25	0.222 times
07 Thu Mar 2024	49.20	48.75	56.40	46.80	7.838 times
02 Sat Mar 2024	48.05	49.50	51.80	46.15	1.169 times
23 Fri Feb 2024	49.15	51.80	53.10	48.00	0.403 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indbank Merchant (INDBANK)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	43.40	48.25	56.40	39.25	0.68 times
29 Thu Feb 2024	47.60	49.45	60.65	46.15	0.693 times
31 Wed Jan 2024	49.45	38.00	54.65	37.30	14.899 times
29 Fri Dec 2023	38.00	41.45	42.05	36.65	0.062 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indbank Merchant (INDBANK)

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indbank Merchant ( (INDBANK) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Indbank Merchant stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indbank Merchant in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indbank Merchant Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indbank Merchant in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Indbank Merchant is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.4 and Indbank Merchant (INDBANK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indbank Merchant (INDBANK) stock. Volume based technical analysis of Indbank Merchant (INDBANK) stock is negative.

Indbank Merchant Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.